EMBA 67021 (2 Cr. hrs.): Business Conditions Analysis
Prerequisites: Basic understanding of principles of Economics & Graduate Standing
Dr. Harold R. Williams; Office: Rm. 478 BSA
Ph: (330) 672-1085; FAX: (330) 672-2448
Fall 2004, B&W2 EMBA
E-mail: Hwilliam@bsa3.kent.edu
Syllabus
Course Objective: The objective is twofold: First, to assist you in acquiring a body of relevant knowledge on the
subject of this course which integrates theory, policy, and application. Second, to help you develop your analytical
powers. To this end, the course will cover essential building blocks needed to understand and analyze the impact
of major government monetary, fiscal, and exchange rate policies on a country functioning in a global setting.
Required Texts: (1) Roger LeRoy Miller & David VanHoose, Macroeconomics: Theories, Policies, and
International Applications, 3rd edn. (Cinn.: South-Western Publ., 2004). ISBN 0-324-15992-7
Website: www.macro.swcollege.com
(2) Wall Street Journal (hardcopy or interactive WWW edition), www.wsj.com
Teaching Method: Lectures are combined with question/answer intervals. Questions are encouraged. The first
part of each class period is reserved for questions and problems related to material presented in the prior session(s)
and/or analyzing current business/economic issues and developments.
Tentative Topical Outline (Subject to Change)
I. Economic Analysis, Data, and the Business Cycle
II. Two Basic Macroeconomic Theories of Economic Activity
A. Classical Theory
B. Keynesian Model
III. General Equilibrium Model
A. Basics of Money, Interest, and Balance of Payments
B. The IS-LM Model
C. Monetary Policy, Fiscal Policy, & Exchange Rate Policy
IV. Aggregate Demand and Aggregate Supply Analysis
A. The P-Y Model
B. Phillips Curve
C. Monetarism
D. Supply Side Economics
V. Macroeconomic Policy – Domestic and International Dimensions
Termpapers/Quizzes: There is no termpaper or group project per se. However, you may be required to write a
short report analyzing a current issue using theory & policy presented in the course.
Exams & Course Grade: Mid-term exam --------(4th meeting)--------------------------Final exam -------------(last meeting)-------------------------Class participation/reports
40%
50%
10%
Withdrawal Policy: You may withdraw until the withdrawal deadline and receive a "W."
Current Economic/Business Issues/Events: Keep up on current domestic and global economic issues. A good
daily source is the Wall Street Journal, both hardcopy and Internet Interactive World Wide Web edition. In addition, if
not already doing so, you should access some of the numerous Internet websites that provide extensive current and
historical data, articles, documents, etc., dealing with the subject of economic theory and government policy. You
may also want to consult the Financial Times, The Economist, and CNBC-TV. Current issues and developments will
be incorporated in class lectures and exams.
Students With Disabilities: In accordance with University policy, if you have a documented disability and require
accommodations to obtain equal access to this course, please contact me at the beginning of the semester or when
given an assignment for which accommodation is required. Students with disabilities must verify their eligibility
through the Office of Student Disability Services in the Michael Schwartz Center, 181 MSC (330-672-3391)
Academic Dishonesty: See University Policy .
Office Hours: Arranged
E621Sy01.doc
3/8/2016
5:36 PM
Attendance: See University Policy
1st Assignment: Chapters l-3
1
EMBA 67021 (2 Cr. hrs.): Business Conditions Analysis
Prerequisites: Basic understanding of principles of Economics & Graduate Standing
Dr. Harold R. Williams; Office: Rm. 478 BSA
Ph: (330) 672-1085; FAX: (330) 672-2448
Fall 2004, B&W2 EMBA
E-mail: Hwilliam@bsa3.kent.edu
Textbook: Roger LeRoy Miller & David VanHoose, Macroeconomics: Theories, Policies, and
International Applications, 3rd edn. (Cinn.: South-Western Publ., 2004). ISBN 0-324-15992-7
Website: www.macro.swcollege.com
Textbook Websites: http://macro.swcollege.com
http://macroxtra.swcollege.com
Topical Outline and Assigned Readings from textbook (Subject to Change). Additional readings may be
given at time topic is under discussion.
I.
Economic Analysis, Data, and the Business Cycle
II. Two Basic Macroeconomic Theories of Economic Activity
A. Classical Theory
B. Keynesian Model
(Chap. 3-5)
(Chap. 6-7)
III. General Equilibrium Model
A. Basics of Money, Interest, and Balance of Payments
B. The IS-LM Model
C. Monetary Policy, Fiscal Policy, & Exchange Rate Policy
(Chap. 8-9)
IV. Aggregate Demand and Aggregate Supply Analysis
A. The P-Y Model
B. Phillips Curve
C. Monetarism
D. Supply Side Economics
(Chap. 10)
V. Macroeconomic Policy – Domestic and International Dimensions
(Chap 14-16)
Information Cards:
right corner):
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
(Chap. 1-2)
Please provide the following on a 4x6 card (Put "B&W2 EMBA67021 - F2004" in the upper
Name (last, first) – upper left corner
Telephone number
Your preferred e-mail address
Employment - name of company, your responsibility
Number of years business experience.
Undergraduate major and minor
Courses taken that relate to Business Conditions and International Business
Foreign cities/countries where your firm has major business relations
Countries visited and approximate dates
Countries you would like to visit -- in order of priority (list up to 4)
Do you have a passport? If so, what country? Expiration date?
E621Sy01.doc
3/8/2016
5:36 PM
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